Around 2,94,768 passenger cars were sold in the Indian market for January 2022. The sales remained dropped almost 3 percent when compared to January last year. However; the sales increased by 15.9 percent in comparison to December 2021.
The semiconductor shortage still persists and the supplies haven't been rationalized according to the demand. The OEMs tried to recover the Dec'21 shortfall and have pushed stocks accordingly to their respective dealerships. Jan'22 also marked the beginning of the supplies of Kia Carens. Kia's entry into the mass MPV space with the Carens is definitely worth watching for. The OEM has already amassed an impressive 7,738 bookings on Day 1 of the opening of the Booking Window (14th Jan'22)! Kia shall be trying to strengthen its hold in the Indian market and is definitely eyeing the fourth spot back from Mahindra. Do note that Kia was just 541 units short of M&M's volumes in Jan'22!
Tata Motors ended 2021 on a high note and had surpassed Hyundai India's volumes. Tata continues its dream run and posted its highest ever monthly sales volume since inception! The introduction of the CNG variants of Tiago and Tigor helped OEM gain 3k volumes in the first month itself. Even the EV models of Nexon & Tigor collective sold 2,892 units in Jan'22 which again was the lifetime best sales figures for the EV portfolio. Tata Motors is all set now to cross the 50k mark!
Maruti Suzuki sales dropped 7.3 percent and lost over 2% Market Share.
Hyundai recorded the highest drop in Market Share YoY and the volumes fell by 15.4 percent in Jan'22 v/s Jan’21.
Tata continues to perform well (source) and has been fighting hard to rise to the No.2 position. It gained the highest Market Share in Jan'22 over last year and has seen great traction for all its models. The launch of Punch & now CNG models has given the much-required push for the Indian auto manufacturer.
M&M volumes dropped by 3.1 percent in Jan 2022 over Jan 2021 and was placed at the fourth spot in the ranking table. The Indian automaker had a very successful launch of the XUV700 and over 20 percent of Mahindra's volumes came from the new model.
Kia jumped back to the fifth rank and sales increased 1.4 percent YoY. Kia India is all set to launch Carens on Feb'22 and gain the required volumes to steer to the No.4 spot!
Honda maintained its lead over the likes of Renault and Toyota to place itself in the sixth spot.
Renault sold 8,119 units of its cars in January 2022 compared to 8,209 units in the same period last year. The majority of sales for Renault come from Kwid, Triber, and Kiger.
MG sold 4,306 units in January 2022 compared to 3,602 units in January 2021. Improved Astor supplies helped the OEM gain 19.5 percent volumes YoY.
Škoda India recorded 3,009 units dispatches. The sales shot up 199 percent YoY!
Market Share Graph for January 2022 –